In the daily bar chart of RPRX, below, we can see that we have less than one year of trading history. I can see two rallies followed by two lengthy pullbacks lasting several months. Fast corrections tend to scare traders away but long drawn-out pullbacks can allow for investors to be quiet scale-down buyers. RPRX is trading below the 50-day and 200-day moving average lines.
The On-Balance-Volume (OBV) line shows a rise from late November into March even as prices decline. This suggests that buyers may be more active on weakness or have held the long positions acquired. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line but it has narrowed and is close to a possible cover shorts buy signal.